Oil-Dri Corporation of America (NYSE:ODC) Q2 2023 Earnings Conference Call March 10, 2023 11:00 AM ET

Company Participants

Dan Jaffee - Chairman, President, CEO

Leslie Garber - IR Manager

Susan Kreh - CFO

Chris Lamson - Group Vice President of Retail and Wholesale

Aaron Christiansen - VP of Operations

Conference Call Participants

Operator

Thank you for standing by, and welcome to Oil-Dri's Q2 Fiscal Year 2023 Investor Conference Call. At this time, all participants are in a listen-only mode.

I would now like to hand the call over to Chairman, President and CEO, Dan Jaffee. Please go ahead.

Dan Jaffee

Thank you very much and welcome, everyone, to our second quarter and first six months of fiscal 2023 investor teleconference.

With me today virtually is Susan Kreh, our CFO; Aaron Christiansen, VP of Operations; Chris Lamson, Group Vice President of Retail and Wholesale; Laura Scheland, VP of Strategic Partnerships and General Counsel; David Atkinson, VP Controller; and Leslie Garber, Manager of Investor Relations.

I'd like everyone to know you'll see that Wade Robey is not on the call today. Our Animal Health team is currently at the VIV, V-I-V show in Asia. It's in Bangkok, Thailand. And I'm getting texts and videos. It's going very well. But due to the time change and their commitments, we will be answering any questions that we can related to Amlan and our Animal Health business, but if there are questions that are better answered by Wade we will save those for the third quarter earnings teleconference when he will be back on the call. And again, Wade is our President of Amlan International.

So Leslie, please walk us through the Safe Harbor.

Leslie Garber

Great. Thank you, Dan, and welcome, everyone. On today's call, comments may contain forward-looking statements regarding the company's performance in future periods. Actual results in those periods may materially differ. In our press release and in our SEC filings, we highlight a number of important risk factors, trends and uncertainties that may affect our future performance. We ask that you review and consider those factors in evaluating the company's comments and in evaluating any investment in Oil-Dri stock.

Thank you for joining us. Dan?

Dan Jaffee

Great. Before I turn it over to Susan Kreh for her to walk us through the financials, just some general 50,000 foot comments that are highlighted in the release but are worth rementioning. So first of all, very excited. We broke $100 million for the quarter. We're at $200 million through the halfway point in revenues, which is great. You can see that we have had improved margins. We only made 17.3% last year in the quarter, now 22.6%. But the point being from first quarter to second quarter, relatively flat around the 22.5% margin.